MEL metgasco ltd
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Can someone clarify this. Our 10% commitment is capped at...

  1. RichMan73
    543 Posts.
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    28/06/18
    16:51
    Post #: 34016586
    Can someone clarify this.
    Our 10% commitment is capped at USD$1.33m after which MEL reverts to a 10% participating interest.
    Doesn't a participating interest mean we fund our share of the costs after this?
    So if the well turns out to be a difficult well, like the first one, these costs could blow out to USD$2m or more?
    MEL Price at posting: 5.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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